Roth MKM analyst Bill Kirk lowered the firm’s price target on Canopy Growth to C$9 from C$11 but keeps a Buy rating on the shares. The company’s Q3 results marked another deceleration, replete with market share losses and margin declines, but Canopy is showing a willingness to make difficult decisions in order to deliver on profitability targets, the analyst tells investors in a research note.
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Published first on TheFly
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